Trump: ‘We Already Have A Trade War And We Are Losing Badly’

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Tuesday in Monessen, PA while explaining his trade policies, presumptive Republican presidential nominee Donald Trump said President Ronald Reagan used tariffs to shield America’s semiconductor industry and that presumptive Democratic presidential nominee Hillary Clinton claims those actions “will start a trade war,” the trade war already started and “we’re losing badly.” Trump said, “I’m going to instruct my treasury secretary to label China a currency manipulator. Which should have been done years ago. Any country that devalues their currency in order to take unfair advantage of the United States — which is many countries — will be met with sharply. And that includes tariffs and taxes. Number six. I’m going to instruct the U.S. trade representative to bring trade cases against China, both in this country and at the WTO. China’s unfair subsidy behavior is prohibited by the terms of its entrance to the WTO. And I intend to enforce those rules and regulations. Basically I intend to enforce the agreements from all countries, including China. Even, if China does not stop its illegal activities, including its theft of American trade secrets, I will use every lawful — look, in is very easy. This is so easy. I love saying